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I stated my opinion as an opinion. There's no lawsuit in that. I find that the people who say the share price will be higher resort commonly to personally insulting those who say it will be lower.
In any case, in time the share price will tell all. I offer a sidebet. If price is over $1.00 in 3 months time I will give you $100. If it is under $0.50, then you pay me.
By the way, I am one of the least anonymous posters on iHub. My identity is well known. I have been posting with integrity for years here.
INT is just another droplet in a river of pumped up stocks.
Meanwhile, the share price gets closer to a realistic valuation .... which is ten cents.
The truth always wins in the end.
I do not use refer to you with insults and would request you behave with civility to me in return. What does it say about a company that those who buy its stock resort to personal insults to make their point?
Do you know how many shares are outstanding, or will be outstanding, and what the holders of those shares paid for them?
Do you have an estimate for what the entire company is worth?
It's pretty clear that Ortsbo was using Google's API. They recently decided to stop posting their weekly usage statistics, probably because they were down, possibly because Google had already started to cut off access.
I believe the company intentionally promotes fictions to its shareholders and potential shareholders. It makes me mad.
And there are stocks with more potential to pump.
This one is either a cult or a scam, perhaps both. The real facts do nothing to justify anything close to its $300 million valuation.
I am not short. I post because I become outraged/enraged at some people profiting from others by using lies and fictions. I simply find it morally disgusting.
So, are you betting the price will be higher come end of summer? You didn't really answer my challenge.
Which country?
Financials reported today for Q1. Revenues down from same quarter a year ago. Shares are up to about 200 million I think. Share price headed down.
I say the company is BS. And the share price will be under $0.50 in three months time. Let's make a date to check back at the end of the summer and see who was right.
P.S. Care to make a side bet?
There's plenty of potential whistle-blower money in penny stocks. Isn't the former operator of iHub, Matt Brown, liable for $4 million for his criminal promotion of a one penny stock?
They still haven't released last week's figures. They used to get them out first thing Monday morning. Monday was a holiday this week in Canada, but it's Wednesday now and still nothing.
http://intertainmentmedia.com/blog/
Looks like Ortsbo growth is really slowing down now.
What happened to the pace of posting here? How odd especially since the share price is still sky high.
PSPW BREAKOUT!!!
Cash - Not much cash on the balance sheet. How is JBII planning to fund operations and build-out? Is a private placement coming soon?
Or maybe we just painted the tape.
All that silence when the stock was down 15% today - you wouldn't even know it was down from this board. Then total celebration when it moves up to close down only 3% like it's a giant BREAKOUT.
My gosh. And please all you folks stop saying you believe in this stock. That is like the worst reason and a terrible indictor to others.
And, by the way, no one is being paid to bash this stock. In fact, the evidence strongly points to just the opposite - tons of paid pumpers.
Hell, the former CEO of iHub just got sentenced to 4 years in prison for this very type of activity. Why would it surprise anyone that iHub is used for pumping penny stocks.
The favored method to monetize restricted stock is via stock lending. There are institutions who will lend money on the collateral of the restricted stock. These same institutions will commonly short the stock to arbitrage their risk away. Generally, the loan is never repaid and the institution sells the stock or uses it to cover their short position.
It's a seedy business.
Why do people on this board not want there to be questions or skepticism? Isn't investment best done by weighing the positive against the negative? Or is it better to ignore all risks?
Is it that people on this board want only positive statements made to help keep our less-informed investors ignorant?
Is that so that the share price will not collapse as the Julius Baer 20 million shares are sold into the market?
These are things that should not be a mystery in a public company. The fact that we can't know is a gigantic red flag.
It's impossible to find evidence that something is NOT there.
Anyway, I'm done for now. Sometimes I just feel the need to speak truth even though I know it will be drowned out by the mob. I realize my posts will soon disappear into the hundreds of meaningless posts that will continue to be posted here.
Sometimes I just need to do it for my own conscience. Continue on with your fantasy.
I have no evidence of what? I'm confused. I'm not stating that anything is true, just asking questions to which I am not getting answers. Nor are those answers available in PSPW filings or through google searches.
I am not stating anything as a fact. The company is doing that and so are posters on this board. I am seeking independent verification of these statements.
Please show me a link to a transaction CR&P has ever done and any evidence that they have $50 million to finance PSPW with. Please, not a link from CR&P itself. An independent source.
Investing is a science, not a religion. Independently verifiable facts are essential.
Thanks
For 20% of the company, we got nothing from Viewpoint. Or you can say for 60% of the company we got Seawind. Either way it's a huge price to pay for the assets.
I'm seeing very little of real substance in any of the transactions or partners.
CR&P is probably an empty shell.
Seawind is almost an empty shell.
We have 100 million shares outstanding and there's no substance that I can find.
No evidence there that CR&P has any money or has done any transactions in its history. It's a blank shell so far as the evidence shows.
We just gave away 20% of the company in the form a fee to Viewpoint Investments Corp. That's a hefty fee - about $25 million worth of stock. What exactly did we get in return? And who the heck is Viewpoint? I think shareholders deserve an explanation.
Well, I feel that it does matter a lot in that a shareholder is diluted hugely. If the $3.4 million was spent at $1 per share, the dilution would be only 3.4 million shares instead of the 60 million share dilution we did get.
It looks like we got total assets of 2 million english pounds in exchange for 60 million shares. That is painful.
Has anyone seen any evidence that CR&P Holding S.p.A. actually has the $50 million for PSPW? I am not finding anything at all via a google search.
Why is PSPW valuing its own stock at 6 cents per share?
"40,000,000 restricted shares of the Company’s common stock (such acquisition is referred to herein as the “Seawind Acquisition”). The valuation for purposes of such acquisition was determined to be $2,400,000 on the basis of an understanding between the Company and the representatives of the Seawind Companies as of January 25, 2011, with the number of shares to be issued thereof calculated by reference to the publicly quoted closing price of the Company’s Common Stock on January 25, 2011."
For that matter, why is there a $1 million fee on a $2.4 million transaction. That's a 40% fee. ouch.
Who is Viewpoints Investment Corp. anyway? A google search turns up only five references, all relating to PSPW.
Why is PSPW putting a value on its own stock of only 5.1 cents?
"The Company has arranged with Viewpoint Investments Corp. (“Viewpoint”) to pay a $1,000,000 fee, to be paid in Company Common Stock, payable upon the closing of the acquisition of the Seawind Companies (the “Facilitation Agreement”) which occurred on May 13, 2011. Pursuant to the Facilitation Agreement, the Company has issued 19,607,843 restricted shares of the Company’s common stock to Viewpoint in consideration for services rendered to the Company"
What fascinates me is the trend toward using suggestive photo's of women in the profiles of the pumping crew on the PSPW board. Has anyone else noticed this phenomenom on iHub? I will do further dd and report back. It's a great idea for luring in marks. I bet it works.
I'm late to this discussion, but in case you didn't notice, the 20,498,638 shares listed as held by Bank Julius Baer might/must be the same as the 20,498,638 shares listed as held by Rudana Investment Group, AG in the PSPW 10K.
JAMN 10K filed today for the year ended January 31, 2011. Here are some key excerpts:
At May 11, 2011, there were 70,794,150 shares of the issuer's common stock outstanding, which number does not include 5,950,000 shares which the issuer has agreed to issue upon receipt of $2,380,000 in funding, as described in greater detail below, as the issuer has not received the $2,380,000 funding to date or physically issued such shares as of the date of this filing.
We do not currently have any employees other than our President and CEO, Anh Tran, who spends approximately 40 hours per week on Company matters and certain of our Directors, as described below. Mr. Tran is not paid nor does he accrue a salary from the Company in consideration for the services he renders. However, certain members of the Company’s current Board of Directors, as described below, assist Mr. Tran with the day-to-day operations of the Company including Paola Dooly, who works for the Company full-time in sales and marketing; Alan Lewis who spends approximately 10 hours per week on general corporate matters for the Company; and Rohan Marley who spends approximately 10 hours per week on general corporate matters for the Company.
The Company has recently become aware of various unauthorized and unaffiliated internet stock promoters who are promoting short-term investments in the Company’s common stock in their “stock reports” and on their websites. Such websites often suggest significant short-term profits can be made by purchasing the Company’s common stock. Pursuant to language on such websites, the promoters have been paid by third parties of the Company with whom the Company has no knowledge or affiliation. The Company takes no responsibility for any such information which is put out by non-affiliated third parties, or for any information which is paid for by third parties and further takes no responsibility to update or correct such information.
Total Assets $ 861,185
Revenue $ 1,037
On December 22, 2010, the Company entered into a Share Issuance Agreement (the "Agreement") with Straight Path Capital, a company incorporated in the Republic of the Marshall Islands ("Straight Path"). Pursuant to the Agreement, the Company has the right to request Straight Path to purchase up to $2,500,000 of the Company's securities at a price per share of $0.40, until December 22, 2011, unless extended by either the Company or Straight Path for an additional twelve (12) months, and subject to the terms of the Agreement.
JAMN - 10K released today says that Straight Path is a Marshall Islands company. That seems more plausible and likely a dead end research-wise.
On December 22, 2010, the Company entered into a Share Issuance Agreement (the "Agreement") with Straight Path Capital, a company incorporated in the Republic of the Marshall Islands ("Straight Path"). Pursuant to the Agreement, the Company has the right to request Straight Path to purchase up to $2,500,000 of the Company's securities at a price per share of $0.40, until December 22, 2011, unless extended by either the Company or Straight Path for an additional twelve (12) months, and subject to the terms of the Agreement.
The 8k released in January said "On December 22, 2010, Jammin Java Corp. (the "Company") entered into a Share Issuance Agreement (the "Agreement") with Straight Path Capital, a United Kingdom company ("Straight Path"). Pursuant to the Agreement, the Company has the right to request Straight Path to purchase up to $2,500,000 of the Company's securities at a price per share of $0.40, until December 22, 2011, unless extended by either the Company or Straight Path for an additional twelve (12) months, and subject to the terms of the Agreement."
How can that 30% rise in INT share price within an hour or so be explained?
I thought the success of the private placement was already known. Is it the $1.2mm purchase by insiders that lit the stock?
worldstreetfundamentals.com
I did register for the site.
1. It's extremely slow to load. Almost as bad as Ortsbo.
2. It comes in English and German language.
3. Has a 74 page list of archived reports but all seem to be listed, mainstream stocks except for JAMN.
The JAMN pdf report is not an analyst report - just a rehash of factoids from the filings and pr's, plus technical analysis.
I could not find any compensation disclosure. I have it saved on pdf if anyone wants it.
If Straight Path is not registered in UK, then someone is lying in SEC filings.
Congrats to Janice. Strong women are such a turn-on!